anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

yes mate, still in taiwan, i will have a good evening, SEY are making sure of that today, let's keep this going, we'll obviously get a mention tomorrow, this much trading won't escape the eyes of the anlysts or the financial press..

well i am certainly not on the wacky baccy but feel as happy as someone who is.

simply put this is a great story and will continue to propel upwards on this momentum.

nice dialogue this morning, how do we get this view across to a wider audience?

well seeing as over 4 million shares have been traded so far this morning , i think the wider audience is already taking notice..

agreed, i just couldn't be bothered to type it above!

what i really meant was getting this into a wider discusssion and more importantly having press coverage in the broadsheets.

i think there is a distinct possibility that this could turn intop a cairn situation and i am thinking of having a bit more of a swing in this than i already have...do you have any idea of when the first well will spud?

if they start drilling at the beginning of august, dependent on the depth of water 8-12 weeks is usual ,the wells are normally known as say a 60 day well, 90 day well etc, they are usually behind by a few days, due to weather conditions, technical difficulties etc, then they will cap the well head, by filling it up with cement and move onto to the next well, once the core comes onto the drill floor the geologists will take samples and from this they can tell how many parts per million of oil there is , very scientific, but the geologists can usually hazard a rough guestimate just on the appearance alone.

hope that helps, i was a mechanical engineer so i'm not completely conversant with the drilling side of things, i just made sure they had enough power to drill..

that helps alot, thx.

i have traded quite a few exploration stocks so am familiar with the protracted process. had a great result with NOVUS petroleum in Australia (they were taken over by Medco), and am currently in a small cap there with a bit of promise but who knows. my real money stays with Sterling and i think i am going to add.

how is taiwan?

5 MILLION TRADED...

Hovering at 15.75p.

Those that bought last time ithit that albeit breifly are selling now.

Obviously not up to date, these punters.

Do your own research...............etc.

seawallwalker,

I agree, now is a curious time to sell, with all the potentially good news that MAY arrive during the course of the next few months.

Everyone has their own agendas and timescales, but I would have thought SEY was worth holding for at least the short term, particularly as it is currently rising!

andy,

couldn't agree more, we just have to be careful that at some stage that greed doesn't get the better of us, i've made that mistake in the past, i've now sold all my Cairn bar 2k's worth, they may go further but i've made nearly 20k off them, i'm delighted with that, i hope they go further for all the other shareholders but i have almost trebled my money. i've put 10k in SEY and happy to let it run , in the near term. i think it would be foolish to sell just as the excitement is about to start IMO, if they almost double by christmas then i'll be thinking of reducing heavily, then putting more funds in my "damn boring portfolio" where i can relax in the knowledge that high yeilding, sector diverification, will give me some protected exposure to the market and just have a few friendly bets on very small companies.

So your still up as well!:o)) The birds are till me to go to bed!!!!

Ramraid is over the other side of the World, where night has no meaning till 12 hours later.

Have a good evening rr.

do any of you lot know anything about a company and it's prospects called Superscape ??

i'm only 7 hours in front seawallwalker

just seen this on iii.co.uk discussion board

International New Ventures

Opportunities for a geologist and a geophysicist to join a dynamic and acquisitive business and take a key role in new venture exploration in Africa and the Middle East.

South East England

Sterling Energy plc is a British independent oil company listed on AIM. We have a production base in the Gulf of Mexico and an exploration portfolio in Africa and the Far East. We recently acquired Fusion Oil and Gas and seek further growth through both exploration and acquisition.

These are exciting times for Sterling Energy and as a result of our high levels of activity we seek to recruit two experienced explorationists to join our New Venture team at our head office in the UK. This exploration team is responsible for identifying and acquiring new international opportunities.

Candidates for these posts will be graduates with relevant post-graduate qualifications in either geology or geophysics. You should have a minimum of 10 years experience and some of this will have been obtained with an Operator. It is essential that you have a minimum of 5 years international experience in a variety of exploration domains and our strong preference is for experience in Africa and the Middle East.

We offer a highly competitive remuneration package that will attract the very best candidates. But most of all we are offering you the chance to play a significant role in a highly motivated team and an expanding business.

To apply, please send your CV to: Damien McCawley,
Simpson Crowden Consultants Limited, 1 Berkeley Street, London W1J 8DJ.

There is a thread just below this one for Superscape, with company profile.

it's a good sign that a company is taking on permanent staff, most exporation companies use outsourced geologists or contractors as they don't guarantee much of a future

this thread just gets better and better. great info ramraid, just adds yet more credibility and belief in management.

as we all know, these things don't go up in a straight line (even cairn) but the important thing is that with all the news over the coming months the trend in upwards.

Price has been static so far today, and I now have to giveway to Number One Son for Homework!!!

I have noticed that the morning by far had the most sells, but the afternoon has filled with buyers, there are some quite big unknown trades including one for 1750000 which was obviously a buy, the highest buyer paid 17.8p, in an ordinary trade!!!

All, this while other Oil Stocks have dropped off with the Oil Futures dropping below $35.

Still a stong hold imho.

Tomorrow guys!!